We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks.
Target Corporation (NYSE:TGT) is one of the stocks discussed by Jim Cramer
Target Corporation (NYSE:TGT)’s share price target was raised by Roth Capital on May 22nd. The financial firm hiked the target to $114 from $88 and kept a Neutral rating on the stock. The financial firm remarked that Target Corporation (NYSE:TGT)’s latest financial report, which included a guidance raise and an earnings beat, also indicated that the firm’s SG&A expense growth had outpaced revenue upside and its latest results might be a one-time occurrence due to the favorable environment in the consumer discretionary sector.
On the same day, Argus raised Target Corporation (NYSE:TGT)’s share price target to $150 from $145 and kept a Buy rating on the shares. As part of its coverage, Argus praised the firm’s dividend yield and its roadmap to increase market share. Cramer, however, believes that Target Corporation (NYSE:TGT) has been cautious and remarked that it was overdone in a tweet: “Listen I think Target has been cautious, I think they’ve been too cautious. . . “Target over done; TJX stay the course….